As long as the trade in oil does not pick up or if the price wont rise strong, the petrodollar is set to collapse.
The rsi is not oversold yet, It seems that the dxy will retest the 91 level soon.
The dollar heavily relies on the oil trade, as soon as this trade slows down a lot of dollar will come into the circulation and will cause the dxy to freefall.
The rsi is not oversold yet, It seems that the dxy will retest the 91 level soon.
The dollar heavily relies on the oil trade, as soon as this trade slows down a lot of dollar will come into the circulation and will cause the dxy to freefall.